KRASNOW TODD 4
Research Summary
AI-generated summary
Symbotic (SYM) Director Todd Krasnow Sells 4,000 Shares
What Happened
- Todd Krasnow, a director of Symbotic, sold 4,000 shares of Class A Common Stock on February 2, 2026. The open‑market sales were executed at multiple prices (see details below) for aggregate proceeds of approximately $214,929. The sale was executed pursuant to a Rule 10b5‑1 trading plan entered February 19, 2025.
- On the same date he redeemed 4,000 Symbotic Holdings Units for an equal number of Class A shares (and related paired Class V‑1 shares were canceled), consistent with the redemption and cancellation mechanics described in the filing.
Key Details
- Transaction date: February 2, 2026.
- Open‑market sale breakdown: 766 shares @ $52.42; 991 shares @ $53.44; 2,215 shares @ $54.30; 28 shares @ $54.78 — total 4,000 shares; proceeds ≈ $214,929.
- Derivative / corporate action: Redeemed 4,000 Symbotic Holdings Units for 4,000 Class A shares; corresponding Class V‑1 shares were canceled (footnote F3).
- Plan/authorization: Sales executed under a Rule 10b5‑1 trading plan (entered Feb 19, 2025) — filing notes the transaction was pursuant to that plan (F3, F5).
- Shares owned after transaction: the Form 4 does not list a simple “owned after” total for Mr. Krasnow. Footnotes disclose indirect/related holdings (e.g., spouse and trust holdings of Symbotic Holdings Units and paired V‑1 shares) and disclaimers of beneficial ownership (F10, F11, F9). See filing footnotes for full detail.
- Timeliness: Reported on Feb 5, 2026 for transactions on Feb 2, 2026 — not reported late.
Context
- The sale was done under a pre‑arranged 10b5‑1 plan, which means it was a pre‑scheduled disposition rather than an ad‑hoc decision; retail investors should treat such sales as generally routine.
- The filing also involves redemption/cancellation of Symbotic Holdings Units and paired Class V‑1 shares (derivative/corporate mechanics rather than a market purchase/sale of new economic exposure). Class V‑1 shares noted in the filing have no economic rights but carry voting rights (1 vote per V‑1 share) (F1).
- Facts only — no conclusions about motivation are implied.